Tesla worths more than all manufacturing company combined

In the automotive industry there is a new “number one”, in fact Tesla has recently surpassed the competition of Toyota, becoming, in just ten years (on June 29, 2010 it was listed for the first time on the Wall Street stock exchange), the car manufacturer with the highest value in the world.

Tesla, founded in 2003 in San Carlos, California, by Martin Eberhard and Marc Tarpenning and consecrated by the visionary Elon Musk, arrives today, according to data published by the Bloomberg agency, at the top as the new car brand with the most market value in the world. Thanks to a current gain of more than 3 percentage points and with a market capitalization of 207.2 billion dollars, Toyota is overtaken, until today world number one in this special ranking. The Japanese giant, founded by Kiichiro Toyoda in 1933, has to settle for the second position, with a total value of 201.9 billion.

For the Californian company, a growth that has always continued over the years, also proven by the fact that, recently, Tesla became one of the few companies in the world with shares that each have a value of one thousand dollars (to be precise 1.120). Compared to the debut on Wall Street, a growth of 5,100%, which does not seem to know any brakes, as reported by the famous Forbes magazine.

Despite the declining car market in the last year and a production of Tesla electric cars that does not exceed 500,000 cars per year, Musk’s creature continues to collect positive numbers from the point of view of profits and promises to grow, despite the historical moment. Linked to the Coronavirus, in which global car sales are expected to drop by 15%.